shit niggas know about defi now, now my fucking interest rate will tank cause of influx. delete this thread asshole.
Wyatt Bell
is legacy compound "safe" as v2?
Grayson Sullivan
kek, last year I was screaming DeFi from the roof tops nobody was listening.
I don't believe you can borrow or lend on V1 anymore, I figure any funds on there are safe though.
> Compound v1 > The original protocol will continue to be accessible through its Ethereum smart contracts, the legacy web interface, and manual operation. Over the next 4–8 weeks, borrow transactions will become disabled, while supply, withdraw & repay transactions will work in perpetuity.
Thoughts on Hummingbot? Apparently it's a quant trading bot thats free, open source and defi. Seems promising, most other quant trading bots seem to charge pretty high fees
There's no point in getting involved with Defi dominated by centralized Maker. The coders set the interest rates arbitrarily to screw over the new borrowers.
Jaxson Rivera
Maker is just one system that lives on top of a blockchain and facilitates a single decentralised financial product. We're not even 1 year out in terms of DeFi even being relevant in the crypto world. If there are shortcomings; rest assured, competitors with brighter ideas will come around to fill the gaps and also their own pockets. No doubt..
At some point there was only 1 cryptocurrency, now we have close to 3000. Don't underestimate the value DeFi will bring if we remain on this deterministic path of financial decentralisation. Credit, lending, borrowing, swaps and other synthetic contracts are a tremendous huge chunk out of the financial markets too.
Ryder Rodriguez
Has someone made sense of how Synthetix.io works?
I'm struggling to see how its not another bitconnect
1) I buy SNX tokens on an exchange 2) these SNX tokens allow me to create sUSD at $1 each. What for? How can you just create money out of a random token?
